ActionAid and the Task Force on Financial Integrity and Economic Development have been named by TP Week readers as two of the five ‘leading forces in global transfer pricing’.
Tax officials from 90 countries have agreed on the need to simplify transfer pricing rules and make them ‘more robust’.
HMRC is consulting on proposals changes to the taxation of interest received, and rules on the deduction of tax from interest paid.
HMRC is seeking views on proposed changes to the income tax and corporation tax rules on manufactured payments, which the department describes as ‘amounts representative of interest or dividends paid and received under financial arrangements such as sale and repurchase arrangements (“repos”) and
‘It looks to me like the triumph of big business – or rather the triumph of the Treasury's view of what big businesses need and want.
HM Treasury has invited comments on an ‘above the line’ research and development credit for large companies, to be introduced next year.
Companies should pay a fair rate of tax and ‘move vigorously towards the path of transparency’, the Labour peer and former newspaper publisher Lord Hollick told tax experts earlier this month, as campaigners renewed calls for country by country reporting (CBCR) by multinationals and claimed that
HMRC has published an ‘overview’ of the Seed Enterprise Investment Scheme, which will provide tax reliefs for new shares issued on or after 6 April 2012 by small, ‘early stage’ companies. The reliefs will operate alongside the Enterprise Investment Scheme.
HMRC accepts that most owners of SMEs want to get their tax right and that the tone of HMRC’s communications with SMEs ‘needs to reflect this better’, the department said in a Budget day note setting out proposed changes to the tax legislation for smaller businesses and how HMRC intends to delive
The European Commission has formally requested the UK to amend its legislation providing for ‘exit taxes’ on companies.